Accountant Online Expands

19th October 2021

Posted In: The Topic

Accountant Online, Ireland’s largest online accountancy firm, is to triple its workforce with 100 new jobs over the next four years.  The skilled positions will be in the accountancy and technology fields with ancillary staff also being hired to bring the total workforce to 150 by early 2026.

The company, which was one of the first in the country to use a remote working model prior to the pandemic, offers all staff the opportunity to work remotely. Accountant Online currently has 51 employees at its offices in Dublin, Derry, Letterkenny as well as remotely across the island of Ireland and overseas.

The company offers financial and business services to companies mainly in the tech, software and consulting sectors. Its online model has broken the mould in the accountancy field and using the latest technologies has allowed Accountant Online to lead the way in the global move towards the digitalisation of professional services.

Established in 2015 by current CEO Larissa Feeney, it now has over 2,000 clients and has won numerous awards including Practice of the Year 2020 in the Irish Accountancy Awards.

Larissa said:

“Accountant Online has been growing steadily and we are delighted to be announcing the next phase of our development with 100 jobs over the next few years.

When I set up the company, the accountancy industry was still at a very traditional stage and, while there has been a lot of digital transformation in the industry, there is still a lot more room for clients to benefit from further innovation and digitisation

The company also announced that it is exceeding its growth predictions achieving a 45pc increase in turnover during the Covid-19 pandemic as companies realised the benefits of using online accountants.

It showed turnover of €2.1m in its latest financial year (to its year end in March 2021) and is on track to achieve turnover of €3m this year (to March 2022). Accountant Online is predicting turnover of €10m by its year end in 2026.

As well as sector growth in its client base, a number of factors are driving Accountant Online’s expansion. This includes a growing confidence by Irish business owners in conducting business wholly online rather than using local high street accountancy firms. This digital transformation across business is happening globally and has resulted in companies moving towards using online professional services.

 “Technology has always been core to our business and that has allowed us to capitalise on the move by customers towards digital professional services, the pace of which has been accelerated by the Covid-19 pandemic.

Dramatic advances in CRM and cloud technologies are also allowing us to service our clients really well and more efficiently than traditional accountancy practice methods,” acknowledged Larissa.

The company invests heavily in technology and this has allowed it to capture the desire for businesses to move more of its services online.  It also uses automation and AI to systemise processes allowing its team to spend more time working strategically with its clients.